LONDON, May 7 A PIMCO product was the top performer among British-registered money market funds in April, data from Thomson Reuters fund research firm Lipper showed on Friday.
PIMCO GIS FX Strategies Inst EUR Acc LP65075752, managed by Thomas Kressin, returned 0.73 percent over the month, beating an average 0.05 percent gain for money market funds tracked by Lipper.
The fund, which is set up to try and exploit inefficiencies in currency markets, is up 5.56 percent over the past 12 months. By comparison, money market funds have posted a 1.44 percent gain.
Following are tables of the best and worst performers in April among money market funds listed in the Lipper Global indices and registered for sale in the UK. Performance is shown in the fund's local currency and may reflect declared dividends.
The tables use the latest available data and strip out smaller players, as well as some funds that price less regularly:
FUND LEADERS Fund name 1 mth (%) 3 mth 1 yr 3 yr 5yr 1. PIMCO GIS FX Strategies 0.73 1.29 5.56 10.10 NA Inst EUR Acc LP65075752 2. Insight - Absolute Currency 0.57 1.54 6.51 27.32 NA S GBP LP65137243 3. F&C Sterling Enhanced 0.49 2.26 6.96 NA NA Cash 4 Acc LP65067828 4. Nordea 1 - US Dollar 0.46 1.68 15.50 1.68 10.34 Reserve BP USD LP60002403 5. GAM Star Discretionary 0.45 5.28 NA NA NA FX USD Acc LP68032772
FUND LAGGARDS Fund name 1 mth (%) 3 mth 1 yr 3 yr 5yr 1. Amundi Funds Dynarbitrage -1.08 0.39 12.20 2.95 12.31 VaR 4 EUR C C LP60101637 2. Sarasin Currency Opportunities -0.99 -0.09 1.52 NA NA Fund (EUR) LP65101555 3. Sarasin Currency Opportunities -0.95 -0.26 0.99 NA NA Fund (CHF) LP65144962 4. HSBC GIF Global -0.73 0.77 7.84 NA NA Currency L1 USD LP68033300 5. Amundi Funds Arbitrage -0.56 0.13 5.62 10.25 21.74 VaR 2 USD C C LP60101601
Lipper, a Thomson Reuters company, is a fund research and analysis organisation, providing independent insight on global collective investment including mutual funds, retirement funds, hedge funds, fund fees and fund expenses to the asset management and media communities.
Lipper data covers 196,000 share classes and more than 108,000 funds in 57 registered-for-sale universes. It provides the free Lipper Leader ratings for mutual funds registered for sale in 27 countries. Additional information is available at www.lipperweb.com. (Reporting by Joel Dimmock)